Chanticleer
What we learnt: Mike Cannon-Brookes’ other bet slumps
Payments group Tyro tumbles shocks investors, Lendlease bounces along the bottom and Reliance Worldwide shrugs off the spicy cough.
Mike Cannon-Brookes was busy making headlines at AGL on Monday, but his investment in payments group Tyro, where he is the largest shareholder, was taking a very different turn.
The 25.5 per cent plunge in the firm’s share price following the release of its December numbers would be staggering enough in any earnings season.
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